Zurich (Switzerland) was the first time in 20 years surpassed Tokyo (Japan) to become the most expensive cities in the world, according to survey data values to the latest EIU.
Economist Intelligence Unit (EIU) is an agency of the prestigious Journal of the British economy , has listed the most expensive city in the world. Accordingly, the city has passed Zurich to Tokyo to become the most expensive cities in the world. Switzerland has long renowned as one of the countries with the highest cost of living planet.
Zurich - the most expensive cities in the world.
The reason this year, one of the city beyond the country's top ranked in the list of most expensive cities in the world is by Swiss Franc exchange rate increased. Investors see this as a currency relative safety in the context of the global economy is being seriously degraded. It also makes Geneva city ranked third in this list.
Slipped to second place after Zurich, Tokyo is still leading in Asian cities in the top 10 most expensive cities on the planet. Osaka city of Japan is ranked along with Geneva in the top 10 list. Sydney with Melbourne (Australia) and Singapore capital of Singapore share the order 7, 8 and 9 of the list. The remaining positions belong to Oslo (Norway) at No. 5, Paris (France) ranked sixth and Frankfurt (Germany) ranks at number 10.
Survey of the value of life worldwide is conducted every 2 years over 160 countries. Based on hundreds of criteria, including the prices of those goods and essential services, it would rank cities according to the amount that people pay.
At the opposite extreme, end tables out of the EIU list is Karachi (Pakistan), turn on it that Mumbai (India), Tehran (Iran), New Delhi (India), Jeddah (Saudi Arabia ) Panama City (Panama), Kathmandu (Nepal), Alger (Algeria), Dhaka (Bangladesh) and Muscat (Oman).